SWOT analysis of Garments industry in Bangladesh:
S=
Strength of Garments industry in Bangladesh
- Cheap labor force
- Available labor force
- Congenial atmosphere
- Sound infrastructure
- Women empowerment
- Low level price of management
- Assistance of government
- World-wide reorganization of RMG of Bangladesh
- Sufficient investment (national and international)
- Competitiveness of RMG sector in Bangladesh
- Maintaining quality
W=
Weakness of Garments industry in Bangladesh
- Insufficient raw materials
- Lack of proper infrastructure (gas/electricity)
- Improper practice of government policies
- Lack of well skilled and trained manpower
- Negative role of trade union
- Do not maintain global standard (ISO)
- Unrest environment in this sector
- Lack of modern equipments and IT
- Poor salary and wage structure
- Insufficient research works and researchers
- Lack of particular policy for the development of RMG
- Ineffective role of concern organizations (BGMEA)
- Poor communication
- Poor labor productivity
- Inadequate port facilities
- Poor supply capacity
O=
Opportunities of Garments industry in Bangladesh
- Employment generating
- Largest exported area
- Women development
- Earning huge foreign currency
- Getting world reorganization
- Ensuring social stability
- Quota free trade in global market
- Sufficient place for this sector
- Developing lobbing or tadvir culture
- Improving communication skills
- Building foreign relationship
- viable investment area
T=Threats of Garments industry in Bangladesh
- Flow of market economy
- Open border relationship
- International conspiracy
- Improper competitiveness
- Brain-drain
- Ineffective role of concern union
- Environmental contamination
- High profitable attitude towards RMG
- Application of MFA
- Patronizing child labor (BD pledged to eliminate child labor within 1996)
- Labor unrest
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